You have to really look at the intricate motivations of every person involved and have an answer for why their incentivize user thing. To spend years of your life or months of your life on an idea that you've not done just basic cursory research on is really dumb. It's free to do research on those that came before you and failed. Cost you nothing. And if you don't understand it, you'll get some mods on the job training.
Dalton Caldwell and Michael Seibel talk about the importance of understanding incentives and doing research when it comes to building a world-changing startup.
To create Rookies Mistakes we asked YC founders: Is there a simple fact you wish you knew when you started your company or a rookie mistake you wish you could take back?
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